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Vance Says Iran Won't Get Cash for Strait of Hormuz Deal; Dollar Under Mild Pressure
US Vice President JD Vance stated that Iran will not receive cash or released funds solely for signing a potential agreement, rebutting rumors about a deal to reopen the Strait of Hormuz. His comments placed mild downward pressure on the US dollar.
EUR/USD Weekly Forecast: Volatility Ahead on Fed and War Headlines
The EUR/USD pair closed the week in positive territory after touching a low of 1.1499, its weakest since late March. Traders brace for volatility from the Fed decision and geopolitical headlines.
SpaceX Shares Indicated to Open at $151, 12% Above IPO Price
SpaceX (SPCX) shares are indicated to open at $151, 12% above the IPO price of $135, according to trading indications.
US Economy Shows Resilience Despite Iran War Disruptions
More than three months after the start of the Iran war and resulting global energy market disruptions, the US economy continues to show remarkable strength. The post raises the question of whether this resilience can be sustained.
Gold Rebounds from $4,200 But Bears Not Done Yet
Gold staged a strong rebound after touching its lowest since November near $4,200, but the weekly forecast suggests the metal is not out of the woods yet.
Nasdaq Delays Start of SpaceX Share Trading for Orderly Pricing
The Nasdaq announced it needs a few more hours before SpaceX shares (ticker SPCX) can begin trading, citing the need for an orderly IPO and establishing the right price.
British Pound Steady Near 1.3400 Ahead of Key BoE and Data
The British Pound is consolidating recent gains around the 1.3400 level against the US Dollar, with domestic risk elevated ahead of upcoming UK CPI, labour data, and the Bank of England decision.
Binance Captures 57% of Pre-IPO Perpetual Market, SpaceX Leads Assets
According to CoinMarketCap Research, Binance accounted for 57% of the $2.94 billion total trading volume in pre-IPO perpetual contracts over the past 30 days, with SpaceX alone representing 67% of the overall volume.
Iran FM Says Islamabad MoU 'Never Been Closer'
Iran's Foreign Minister Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever, promising full transparency in sharing details with the public.
EUR/GBP Holds Firm as Weak UK GDP, Hawkish ECB Support Euro
EUR/GBP traded around 0.8633 on Friday, supported by hawkish ECB rhetoric and weak UK GDP data that highlighted a slowing British economy.
Iran FM: Islamabad MoU 'Never Been Closer' to Finalization
Iran's Foreign Minister Seyed Abbas Araghchi stated that the Islamabad Memorandum of Understanding is closer than ever to finalization, urging media to avoid speculation until details are released.
ING: CEE FX Sees Risk-On Bounce on US-Iran Headlines, Policy Remains Key
ING strategist Frantisek Taborsky notes that headlines about a possible end to the US-Iran conflict triggered a risk-on move, helping Central and Eastern European currencies recover recent losses. However, monetary policy remains a key factor.
CAD Weighed by Weaker Oil, USD Holds Near 1.40 – Scotiabank
Scotiabank strategists note the Canadian Dollar remains pressured by declining oil prices amid Iran peace hopes, though improved risk appetite provides limited support. The USD/CAD pair holds near the 1.40 ceiling.
Iran Attempts Strike on Commercial Ships in Strait of Hormuz; US Downs Drones
Iran attempted to attack commercial vessels transiting the Strait of Hormuz overnight, prompting US forces to shoot down two Iranian one-way attack drones, a defense official confirmed.
US Shoots Down Iranian Drones Targeting Ships in Strait of Hormuz
The US military shot down two Iranian attack drones that were targeting vessels in the Strait of Hormuz, according to a US defense official, amid President Trump's public criticism of Iran's continued targeting of ships.
New Zealand Dollar Dips as Robust US Data Boosts Dollar
NZD/USD fell to 0.5830 on Friday, down 0.15% on the day, pressured by strong US sentiment and inflation figures that underpinned the US Dollar.
ECB Hawkish Forecasts Suggest Higher Terminal Rate – Nomura
The ECB raised its deposit rate by 25bp to 2.25% and signaled more hawkish forecasts, potentially leading to a higher terminal rate according to Nomura's European Economics team.
Seychelles Court Orders KuCoin to Pay $2M Over Delisted CHP Tokens
A Seychelles court ruled that KuCoin cannot treat 21 million delisted CHP tokens as abandoned and ordered the exchange to pay a Swiss investor over $2 million. The investor says KuCoin has not yet paid and is preparing further legal action.
SpaceX IPO Trading Expected Within 60 Minutes, First Indications at $175
SpaceX’s IPO first indications came in at $175 per share, a 30% premium over the $135 IPO price. Trading is expected to begin within the next hour after Nasdaq completes its price-discovery auction.
Bitcoin Price-to-Mining Difficulty Ratio Mirrors Past Bear Cycles, Analyst Says
An analyst known as Killa notes that the current Bitcoin price-to-mining difficulty ratio repeats patterns seen in previous bear markets, suggesting the capitulation phase is a clear accumulation signal. He forecasts the final cycle low may come later amid a stock market correction, with the bear market bottom forming by year-end.
SpaceX Set for Largest IPO in History, Musk Says
Elon Musk reveals he gave SpaceX less than a 10% chance of succeeding at launch. Today, the company is preparing the largest IPO in history, 2.5 times bigger than the previous record.
SpaceX IPO Indications at $175/Share, 30% Above Offer Price
First indications for SpaceX's IPO price shares at $175, a 30% premium over the $135 offer price. Total demand has reached $350 billion, with $250 billion from institutional investors.
GBP/USD Poised to Fall Toward 1.3100 – BBH
Brown Brothers Harriman strategist Elias Haddad expects GBP/USD to decline to 1.3100 as US growth outperforms the UK.
Spot Bitcoin ETF Volume Nears $2 Trillion; Multiple Crypto Catalysts and Headwinds Emerge
The SEC’s proposal to scrap key NMS rules could boost tokenized stocks. BlackRock filed for a yield-bearing Bitcoin ETF. Avalanche Treasury Co. shares fell 38% on Nasdaq debut. Cumulative spot Bitcoin ETF volume is nearing $2 trillion.